San'an Optoelectronics' controlling shareholder releases significant share pledge

San'an Optoelectronics announced its controlling shareholder, Xiamen San'an Electronics Co., Ltd., has released a pledge on 77,500,000 shares, effective September 26, 2025. These shares, previously pledged to Ping An Securities Co., Ltd., represent 6.38% of San'an Electronics' total holdings and 1.55% of San'an Optoelectronics' total share capital.

Following this release, San'an Electronics' cumulative pledged shares now stand at 529,250,000, representing 43.60% of its total ownership in San'an Optoelectronics and 10.61% of the company's total share capital. San'an Electronics, together with its controlling shareholder, Fujian San'an Group Co., Ltd., collectively hold 1,470,456,883 shares, or 29.47% of San'an Optoelectronics' total shares. Their combined pledged shares amount to 657,450,000, which is 44.71% of their aggregate holdings.

San'an Electronics stated that the released shares would be used for future equity pledge financing plans based on actual needs, with any subsequent changes to be disclosed in accordance with relevant laws and regulations.